A number of other analysts have also recently weighed in on BHF. Citigroup decreased their price target on shares of Brighthouse Financial from $36.00 to $33.00 and set a “sell” rating for the company in a research report on Friday, September 13th. BidaskClub raised Brighthouse Financial from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 3rd. Morgan Stanley reduced their price objective on Brighthouse Financial from $43.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Brighthouse Financial in a research report on Friday, December 6th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $37.11.
BHF opened at $39.41 on Monday. Brighthouse Financial has a 52-week low of $28.52 and a 52-week high of $44.12. The company has a 50 day moving average of $39.84 and a two-hundred day moving average of $37.86. The company has a market cap of $4.26 billion, a P/E ratio of 5.30, a P/E/G ratio of 0.39 and a beta of 2.10. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.25.
Institutional investors and hedge funds have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. raised its stake in Brighthouse Financial by 40.4% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,219 shares of the company’s stock valued at $49,000 after buying an additional 351 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Brighthouse Financial by 110.4% in the 2nd quarter. Signaturefd LLC now owns 1,538 shares of the company’s stock valued at $56,000 after acquiring an additional 807 shares during the last quarter. Ossiam bought a new stake in shares of Brighthouse Financial in the 2nd quarter valued at approximately $60,000. Tower Research Capital LLC TRC raised its position in shares of Brighthouse Financial by 40.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the company’s stock valued at $99,000 after acquiring an additional 708 shares in the last quarter. Finally, Ayalon Holdings Ltd. raised its position in shares of Brighthouse Financial by 84.3% during the 3rd quarter. Ayalon Holdings Ltd. now owns 3,202 shares of the company’s stock valued at $125,000 after acquiring an additional 1,465 shares in the last quarter. 86.04% of the stock is currently owned by institutional investors.
About Brighthouse Financial
Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.
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